In accordance with Council approved Ordinance 2014-121, the City of Houston entered into an Interlocal Agreement (ILA) with the Old Spanish Trail/Almeda Corridors Redevelopment Authority (Authority) to fund the construction of improvements at the Project with a grant from TPWD. The total amount projected for the contract was limited to a maximum of $2,273,658. In accordance with Council approved Ordinance 2015-1241, the first amendment to this ILA allocated an additional $1,250,000 through Council approved Ordinance 2016-782.
With Council approval of the Second Amendment to the Agreement, an additional $78,940 will be paid to the Authority from grant funds awarded to HPARD by TPWD for the construction of the Ceremonial Gate/Arch Gate and Four Founders Corner Monuments.
During the term of the Agreement, the City will reimburse the Authority for TPWD grant-eligible Project costs on the basis of invoices approved by the HPARD Director. Upon completion of the Project, the Authority will provide HPARD with an accounting report that itemizes the Project costs funded by bond funds in accordance with the Agreement.
Fiscal Note
No fiscal note required on grant items.
Director's Signature:
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Steve Wright, Director
Houston Parks and Recreation Department